Latest News
Jan 2022 – Will You Get A Full State Pension?
Will you get a full state pension? In order to receive the full state pension on reaching State Pension Age on or after 6 April 2016, you need to have accrued 35 complete years of National Insurance Contributions (NIC). To receive any amount of the ...
Dec 2021 – Crossing The Threshold
Crossing the threshold When your total income reaches certain levels, it tips any extra income into a tax band where a higher rate of tax is charged. This can also mean you lose part or all of your personal savings allowance (PSA), personal allowance (PA) ...
Nov 2021 – A Family View
A family view In the UK, everyone is taxed as an individual, but social security benefits, including tax credits and Universal Credit, are awarded on the basis of the family’s total income. Child Benefit is clawed back based on the income of the higher earner ...
Oct 2021 – Where There’s A Will
Where there’s a Will... When you die, your executors or relatives need to sort out your affairs. This stressful task can be made easier if you leave a clear and up-to-date Will that has been drafted with tax in mind. They may also need to ...
Sep 2021 – Tax Breaks On Savings
Tax breaks on savings You can save for retirement in a number of ways. The traditional route is via a pension scheme, but you could also use an ISA. Savers aged under 40 can open a Lifetime ISA (LISA) and contribute up to £4,000 per ...
August 2021 – FP Official Sponsors of Poynton JFC Under 9’s
CLARKE NICKLIN FINANCIAL PLANNING SUPPORTING THE FUTURE GENERATION Clarke Nicklin Financial Planning are excited to announce from this week they are now official sponsors for the Under 9’s Poynton JFC team. Partner and Independent Financial Advisor of Clarke Nicklin Financial Planning, Scott Herbert, who has ...
July 2021 – Second Promotion in 2 Months for FP!
Clarke Nicklin Financial Planning are delighted to announce Christian Evans’ promotion from Advisor Support Manager to Independent Financial Advisor. This comes as the second promotion in the last two months for the firm, after recently announcing the promotion of their now paraplanner, Stephen Mackenzie, last ...
July 2021 – Planning Gains
Everyone has an annual exemption for Capital Gains Tax (CGT) of £12,300 for 2020/21. This is wasted if you don’t make capital gains in the tax year. You can’t carry forward any unused exemption to a different tax year or transfer the exemption to another ...
June 2021 – Promotion for FP’s Newest Member!
Clarke Nicklin Financial Planning are pleased to announce the promotion of administrator Stephen Mackenzie to paraplanner. Stephen joined the business 16 months ago and from the beginning has impressed with his hard work and enthusiasm. Stephen’s role consisted of dealing with general administration tasks such ...
June 2021 – Let Properties
Let properties For periods from 6 April 2020, individual landlords of residential properties have been unable to deduct interest or finance costs from their rental income for tax purposes. In place of the blocked interest the landlord receives a 20% tax credit to set against ...
June 2021 – Interesting Savings
Interesting savings All interest you receive is taxable, unless it is from an ISA, but banks and building societies no longer deduct tax from interest paid to individuals. For most taxpayers the rate of tax payable on that interest is 0%, so no tax is ...
June 2021 – Your Clear Intention
Your clear intention When you die, your executors or relatives need to sort out your affairs. This stressful task can be made easier if you leave a clear and up-to-date Will that has been drafted with tax in mind. They may also need to pay ...
